Many business owners struggle with whether to take a salary or dividend from their business. If you look at it strictly from a mathematical standpoint, the difference is like splitting hairs. The government has made that decision pretty easy from a monetary standpoint. In the hands of the business owner, the two are virtually the same. The advantages were obvious … Read More
How a Cottage and Investment Properties can be a Nightmare for Families?
Estate Planning Tips for Real Estate Investors For many Canadians, the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence, however, investment in recreational and real estate investment property also forms a substantial part of some estates. Due to the nature of real estate, it is important to … Read More
5 Reasons Why You Don’t Want to Wait Too Long for Converting Your Term Insurance
Converting Your Term Insurance into an Asset If you require permanent life insurance coverage for family, estate planning, business, or tax planning purposes or you just wish to accumulate money in your life insurance program. It may be time to look at a permanent, level cost solution. Many of us purchase large amounts of low-cost term insurance to cover our needs … Read More